The global apple juice market is likely to derive growth from the increasing consumption of packaged foods across the world. According to a report by Fortune Business Insights, titled “Apple Juice Market Size, Share & Industry Analysis, By Nature (Conventional, Organic), By End-Use (Household, Commercial), By Distribution Channel (Online Store, Convenience Stores, Specialty Stores, Retail Stores, Supermarkets/ Hypermarkets)Others and Regional Forecast, 2019-2026,” the market will benefit from the increasing product demand across the world.
Apple juice is a drink that is made by pressing a softened apple. The product is rich in dietary fiber; a primary reason why it is widely consumed across the world. The increasing demand for apple juice can be attributable to the growing adoption of fast-paced and healthy lifestyle habits. Besides fiber, the drink is an excellent source of nutrients such as vitamins and minerals. The increasing consumption of ready-to-go and packed foods will create a subsequent demand for apple juice and apple juice products across the world. The demand for clean-labelled package beverages will emerge in favor of the companies operating in the global market. The high investment in the development of nutritional apple juice products will contribute to the growth of the overall market in the forthcoming years. The presence of several apple juice vendors will provide impetus to market growth.
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Increasing Number of product Launches Will Aid Growth
The report encompasses several factors that have contributed to the growth of the overall market in recent years. The increasing demand for the product has created several opportunities for the companies operating in the market. Accounting to the healthy market competition, companies are looking to adopt strategies that will help them establish a stronghold in the market. A few major companies are focused on product R&D while others are looking to invest heavily in marketing. But above all, innovations n product offerings are the most widely adopted strategy. In September 2019, Biddenden Vineyards Ltd. announced the launch of a new beverage to its range of products. The company introduced Biddenden Sparkling Apple Juice, its latest addition to the portfolio of drinks. The company claims that the product is a 100% natural and does not include any form of additive or flavor. Biddenden’s latest product will not just benefit the company but will also have a positive impact on the growth of the overall market in the coming years.
North America to Emerge Leading; Consumer Preference towards Packaged Foods Will Aid Growth
The report analyzes the ongoing market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these regions, the market in North America is likely to emerge dominant. The rising consumer preference towards ready-to-go beverages especially in the United States will lead to a growing adoption of the product in this region. Moreover, the increasing trends of healthy food consumption and the adoption of a healthy lifestyle habit will contribute to the growth of the regional market. The market in Asia Pacific will account for a considerable market share in the coming years. The adoption of organic foods and beverages in numerous countries across this region will aid the growth of the regional market.
List of companies profiled in the report:
- Del Monte Food, Inc
- Eden Foods Inc
- The Coca-Cola Company
- Parle Agro Pvt. Ltd.
- Britvic Plc.
- Manzana Products Co.
- Tree Top Inc.
- Egg Gard
- Apple & Eve
- The Kraft Heinz Company
- Solana Gold Organics
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